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International Business Times
International Business Times
Science

Green Bonds Offer Hope, And Risk, In Africa's Climate Fight

Africa only accounts for a small percentage of the global green bond market (Credit: AFP)

It only took two days for Nigeria to raise $59 million through green bonds -- part of a funding drive for climate and environmental projects in a nation still hooked on oil.

Africa remains a small player in the green bond market, and the debt instrument is underused -- but it is becoming a fast-growing source of funding for the world's poorest continent, which is at the forefront of climate change.

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